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Only If You Want To! By: Jonas Angus In Cooperation With: Crote - PowerPoint PPT Presentation

Jul 12, 2023 •155 likes •288 views

You Can Be A Millionaire Only If You Want To! By: Jonas Angus In Cooperation With: Crote teau au Financi ncial 3 Patterson Road Shirley MA 01464 - 978-425-3033 jonas.angus@tpesinc.com Facebook Group: TPE Solutions Inc. Community

  1. You Can Be A Millionaire Only If You Want To! By: Jonas Angus In Cooperation With: Crote teau au Financi ncial 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  2. Gift Certificate • $100 Redeemable At Avidia Bank To Open a Savings Account • $10 iTunes or Google Play Store Gift Card from Avidia Bank • Start of Savings Account • Recommend A Monthly Savings of $25 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  3. Your Reward For Savings! – $25 Cash Deposit from Avidia Bank Into Your Savings Account after 6 months if you maintain a $100 minimum balance. – $100 Cash Deposit Into Your Savings Account from TPE Solutions, Inc. after 12 months if you can show you saved $10 to $25 each month! Additional Incentive from Adivia Bank: • $100 Balance = $5 McDonalds Gift Card • $250 Balance = $10 Dunkin Donuts Gift Card • $500 Balance = $15 Best Buy Gift Card • $1,000 Balance = $25 Visa Gift Card 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  4. What Is Interest (%) On Savings Account • Interest is the money the bank pays you so that they can use it to make loans to other people. • Interest on a savings account is usually compounded daily and paid out monthly. • Compound Interest : Earning interest on your interest. Bank is paying you interest again on the money they have already paid you in interest (REAL COOL!) • Main Advice: Make deposit Every Month, Sit Back and Watch It Grow. 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  5. Average Interest Return(10 yrs.) • Savings Account : 0.5 to 1 %  Guaranteed (starter) • Bonds : 2 to 5 %  Higher Interest Than Savings But Safe & Low Risk • Stock Market (Ownership In Companies) : 7 to 10 %  High Interest. Value Grows As Companies Grow, But Higher Risk. Need To Sit Back And Watch It Grow. Expect Up & Down. 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  6. Savings And The Power of Compound Interest 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  7. The Power of Compound Interest • Compound Interest Is Easy Math – When you start saving money, the money earns interest – The interest makes a pot of money bigger, so it starts accruing more interest – Over a lot of years, that little bit of interest early in the process makes a huge difference 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  8. THE POWER OF COMPOUND INTEREST IT IS MAGICAL Assumed growth rate of 9% 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  9. 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  10. How To Save Towards A Million Dollars Ending Value $1,400,000.00 $1,200,000.00 Initial Investment $100.00 $1,000,000.00 18-30 Rate of Return 0.50% 18-30 Monthly Contribution $25.00 $800,000.00 31-65 Rate of Return 9% Ending Value $600,000.00 31-65 Monthly Contribution $400.00 $400,000.00 $200,000.00 $0.00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  11. Savings Growth By Age Age Beginning Value Contributions Earnings Ending Value 42 $100,758.20 $ 4,800.00 $9,654.85 $115,213.05 $100.00 43 $115,213.05 $ 4,800.00 $11,010.81 $131,023.86 18 $ 100.00 $ 300.00 $1.19 $401.19 44 $131,023.86 $ 4,800.00 $12,493.98 $148,317.84 19 $401.19 $ 300.00 $2.70 $703.89 45 $148,317.84 $ 4,800.00 $14,116.27 $167,234.11 20 $703.89 $ 300.00 $4.22 $1,008.10 46 $167,234.11 $ 4,800.00 $15,890.75 $187,924.86 21 $1,008.10 $ 300.00 $5.74 $1,313.85 47 $187,924.86 $ 4,800.00 $17,831.68 $210,556.54 22 $1,313.85 $ 300.00 $7.27 $1,621.12 48 $210,556.54 $ 4,800.00 $19,954.69 $235,311.23 23 $1,621.12 $ 300.00 $8.81 $1,929.93 49 $235,311.23 $ 4,800.00 $22,276.85 $262,388.08 24 $1,929.93 $ 300.00 $10.36 $2,240.29 50 $262,388.08 $ 4,800.00 $24,816.85 $292,004.93 25 $2,240.29 $ 300.00 $11.92 $2,552.21 51 $292,004.93 $ 4,800.00 $27,595.11 $324,400.04 26 $2,552.21 $ 300.00 $13.48 $2,865.69 52 $324,400.04 $ 4,800.00 $30,634.00 $359,834.03 27 $2,865.69 $ 300.00 $15.05 $3,180.73 53 $359,834.03 $ 4,800.00 $33,957.95 $398,591.98 28 $3,180.73 $ 300.00 $16.63 $3,497.36 54 $398,591.98 $ 4,800.00 $37,593.71 $440,985.70 29 $3,497.36 $ 300.00 $18.22 $3,815.58 55 $440,985.70 $ 4,800.00 $41,570.53 $487,356.23 30 $3,815.58 $ 300.00 $19.81 $4,135.39 56 $487,356.23 $ 4,800.00 $45,920.41 $538,076.64 31 $4,135.39 $ 4,800.00 $590.96 $9,526.35 57 $538,076.64 $ 4,800.00 $50,678.33 $593,554.98 32 $9,526.35 $ 4,800.00 $1,096.67 $15,423.02 58 $593,554.98 $ 4,800.00 $55,882.59 $654,237.56 33 $15,423.02 $ 4,800.00 $1,649.82 $21,872.84 59 $654,237.56 $ 4,800.00 $61,575.03 $720,612.59 34 $21,872.84 $ 4,800.00 $2,254.86 $28,927.70 60 $720,612.59 $ 4,800.00 $67,801.47 $793,214.06 35 $28,927.70 $ 4,800.00 $2,916.65 $36,644.36 61 $793,214.06 $ 4,800.00 $74,611.98 $872,626.04 36 $36,644.36 $ 4,800.00 $3,640.53 $45,084.88 62 $872,626.04 $ 4,800.00 $82,061.38 $959,487.42 37 $45,084.88 $ 4,800.00 $4,432.31 $54,317.19 63 $959,487.42 $ 4,800.00 $90,209.57 $1,054,496.99 38 $54,317.19 $ 4,800.00 $5,298.36 $64,415.55 64 $1,054,496.99 $ 4,800.00 $99,122.13 $1,158,419.12 39 $64,415.55 $ 4,800.00 $6,245.66 $75,461.21 65 $1,158,419.12 $ 4,800.00 $108,870.74 $1,272,089.85 40 $75,461.21 $ 4,800.00 $7,281.82 $87,543.03 41 $87,543.03 $ 4,800.00 $8,415.17 $100,758.20 TOTALS $ 172,000.00 $1,100,089.85 $ 1,272,089.85 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

  12. Facebook Group Name: TPE Solutions Inc. Community Outreach Financial Education Program Email Contact: President: jonas.angus@tpesinc.com Executive Vice President: elaine.angus@tpesinc.com customerservice@tpesinc.com Customer Service (Beth Stagnone): 3 Patterson Road Shirley MA 01464 - 978-425-3033 – jonas.angus@tpesinc.com – Facebook Group: TPE Solutions Inc. Community Outreach Financial Education Program

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